2017 Annual Results

Announcement

Mar 2018

(Incorporated in the Cayman Islands with limited liability)

Stock Code: 1257

中國光大綠色環保有限公司CHINA EVERBRIGHT GREENTECH LIMITED

1

Forward-looking Statements

This presentation may contain forward-looking statements. Any such forward-looking statements are based on anumber of assumptions about the operations of China Everbright Greentech Limited (the “Company” or EverbrightGreentech) and factors beyond the Company's control and are subject to significant risks and uncertainties, andaccordingly, actual results may differ materially from these forward-looking statements. The Company undertakesno obligation to update these forward-looking statements for events or circumstances that occur subsequent to suchdates.

The information in this presentation should be considered in the context of the circumstances prevailing at the timeof its presentation and has not been, and will not be, updated to reflect material developments which may occurafter the date of this presentation. The slides forming part of this presentation have been prepared solely as asupport for oral discussion about background information about the Company. No representation or warranty,express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness orcorrectness of any information or opinion contained herein. It should not be regarded by recipients as a substitutefor the exercise of their own judgment. Information and opinion contained in this presentation may be based on orderived from the judgment and opinion of the management of the Company. Such information is not always capableof verification or validation. None of the Company or financial adviser of the Company, or any of their respectivedirectors, officers, employees, agents or advisers shall be in any way responsible for the contents hereof, or shallbe liable for any loss arising from use of the information contained in this presentation or otherwise arising inconnection therewith. This presentation does not take into consideration the investment objectives, financialsituation or particular needs of any particular investor. It shall not to be construed as a solicitation or an offer orinvitation to buy or sell any securities or related financial instruments. No part of it shall form the basis of or be reliedupon in connection with any contract or commitment whatsoever. This presentation may not be copied or otherwisereproduced.

2

1. Results Review

2. Subsequent Events

3. Development Strategies

4. Policy Highlights

Agenda

3

1. Results Review- 2017 Corporate Milestones

- Results Highlights

- Financial Analysis

4

2017 Corporate Milestones

• Secured Zhongxiang Integrated

Biomass and WTE Project in Hubei,

Sheqi Integrated Biomass and WTE

Project in Henan and Lianshui

Biomass Electricity and Heat

Cogeneration Project in Jiangsu

Feb

• Secured Suqian Hazardous Waste Landfill

Project Phase II in Jiangsu

• Commenced operation of Nanqiao Biomass

Direct Combustion Power Generation Project

in Chuzhou City of Anhui

Apr

Jun

• Secured Wendeng Biomass Electricity

and Heat Cogeneration Project in

Weihai City and Linshu Hazardous

Waste Landfill Project in Shandong

May

• Secured Guoyang Biomass Electricity

and Heat Cogeneration Project in Anhui

Jul

• Successfully listed on the Main Board of The HKEx

• Commenced operation of Lingbi Integrated Biomass

and WTE Project in Anhui, the first Urban-rural

integration project of its kind ever in China

• Secured Huaiyuan Integrated Biomass and WTE

Project (WTE) in Anhui, Binhai Hazardous Waste

Landfill Project Phase II in Jiangsu and Laiyang

Hazardous Waste Integrated Treatment Project in

Shandong5WTE : Waste-to-Energy

Aug

• Being as title sponsor of the Hong Kong

charity premiere of the nature documentary

“Earth: One Amazing Day”

• Secured Zhecheng Integrated Biomass and

WTE Project in Henan, Guanyun Hazardous

Waste Landfill Project Phase II in Jiangsu and

Guixi Hazardous Waste Integrated Treatment

Project in Jiangx

Sep

Nov• Included as a constituent stock in the MSCI China Small

Cap Index

• Commenced operation of Rugao Biomass Direct

Combustion Power Generation Project in Jiangsu

• Commenced

operation of Xiaoxian

Integrated Biomass

and WTE Project and

Fengyang Integrated

Biomass and WTE

Project in Anhui

Dec

2017 Corporate Milestones

• Announced 2017 interim results

with profit attributable to equity

shareholders recorded a growth of

57%

• Included as a constituent stock in

the Hang Seng Composite Index,

Hang Seng Stock Connect Hong

Kong Index, Hang Seng Stock

Connect Hong Kong MidCap &

SmallCap Index and Hang Seng

Stock Connect Hong Kong

SmallCap Index respectively

6

Results Highlights (1)

Listed on the HKEx, promote the brand identity1

Listed on the Main Board of the HKEx in May 2017 and raised fund of

approximately HK$3.3 billion;

The only HKEx listed company to adopt an integrated biomass utilisation business

model；

In Aug 2017, the Company was included as a constituent stock in the Hang

Seng Composite Index, Hang Seng Stock Connect Hong Kong Index, Hang

Seng Stock Connect Hong Kong MidCap & SmallCap Index and Hang Seng

Stock Connect Hong Kong SmallCap Index respectively, demonstrating the

capital market’s recognition on the Company’s performance;

In Nov 2017, the Company was included as a constituent stock in the

MSCI China Small Cap Index, enhancing the recognition of

Company’s brand as well as influence towards society;

At the end of 2017, the Company obtained several foreign and Chinese

brokers’ coverage and with a BUY recommendation.

7

Results Highlights (2)

Good quality of assets with healthy financial

position2

Total assets

Net assets

attributable

to equity

shareholders

HK$’000 HK$’000

CAGR: 59.4% CAGR : 142.6%

8CAGR: Compound annual growth rate

Results Highlights (3)

3 Sustainable growth in revenue with

record-high profit

EBITDA

CAGR :70.5%

Profit attributable

to equity

shareholders

CAGR : 69.4%

HK$’000HK$’000

9

HK$’000

CAGR : 63%

Revenue

CAGR: Compound annual growth rate

20181Q 2Q 3Q 4Q

Contracted 5 new projectsIntegrated biomass utilisationproject : 5

Contracted 7 new projectsHazardous waste treatment project : 4Integrated biomass utilisation project : 2and 1 supplemental agreement

Contracted 5 new projectsHazardous waste treatment project : 2Integrated biomass utilisation project : 3

Contracted 3 new projectsHazardous waste treatment project : 1Integrated biomass utilisation project : 2

In 2017, the Company secured 19 new projects and entered a supplemental

agreement, involving a total investment of approximately RMB 5.47 billion, reached a

record high in both number of new projects and total investment amount.

Results Highlights (4)

4 Market expansion with remarkable results

10

Results Highlights (5)

Construction work has achieved steadily progress, with 23 construction projects, reached a

record high;

12 projects completed construction and 8 projects commenced operation. Lingbi Project

was the first Urban-rural integration projects of its kind ever in China without a precedent. It

commenced operation in May 2017 which is also a successful example of the Company in

exploring a new pathway to construct the beautiful countryside. After this project, the

Xiaoxian Integrated Biomass and WTE project and Fengyang Integrated Biomass and

WTE project completed construction and commenced operation;

The effective annual utilisation rate of biomass projects in operation is nearly 8,000 hours

and such projects generated approximately 1.4 Billion kWh of on-grid electricity, reached a

record high;

Annual processing volume of hazardous waste project in operation has hit new heights and

the unit price has steadily risen.

5 Steady construction progress and effective

operation of the projects

11

Results Highlights (6)

As at 31 December 2017, there were 82 projects in 3 business segments, with

32 projects in operation, 11 projects under construction, 4 projects completed

construction and to commence operations and 35 projects in preparatory stage;

Projects located in 9 provinces and cities in China, and in Germany.

Biomass project reserve basically consists of integrated and electricity and

heat cogeneration projects；

Integrated biomassutilisation

Hazardous wastetreatment

Solar energy and windpower

15

89

11

4

1817

Nu

mb

er o

f Pro

jec

ts

Projects in operation

Projects under construction

Projects in the preparatory stage54%35%

11%

Proportion of 3 segments projects

Integrated biomass utilisation

Hazardous waste treatment

Solar energy and wind power

6 Diversified business portfolio with abundant

project reserve

12

德国

Tianjin : Ji County Biomass

Electricity and Heat

Cogeneration

Jiangsu：10

Guanyun Integrated

Liuhe Integrated

Huaiyin Integrated

Sucheng Biomass Heat Supply

Xuyi Biomass Electricity and Heat

Cogeneration

Lianshui Biomass Electricity and Heat

Cogeneration

Rugao Biomass Biomass Direct

Combustion Power Generation

Anhui：16

Dangshan Integrated

Xiaoxian Integrated

Lingbi Integrated

Fengyang Integrated

Huaiyuan Integrated

Hanshan Biomass Direct Combustion

Power Generation

Dingyuan Biomass Direct Combustion

Power Generation

Nanqiao Biomass Direct Combustion

Power Generation

Yeji Biomass Electricity and Heat

Cogeneration

Yuan Biomass Electricity and Heat

Cogeneration

Woyang Biomass Electricity and Heat

CogenerationJiangxi：Guixi Biomass

Electricity & Heat Cogeneration

Sichuan：3

Mianzhu Integrated

Zhongjiang Biomass

Electricity & Heat

Cogeneration

Henan：7

Xiayi Integrated

Sheqi Integrated

Zhecheng Integrated

Puyang Biomass Electricity

and Heat Cogeneration

Shandong：3

Wendeng Biomass

Electricity and Heat

Cogeneration

Yiyuan Integrated

Hubei：3

Shayang Biomass Direct

Combustion Power Generation

Zhongxiang Integrated

Biomass Projects Layout

13

Hazardous Waste Projects Layout

Shandong：9

Zibo Hazardous Waste

Landfill

Shouguang Hazardous

Waste Landfill

Linshu Hazardous Waste

Landfill

Zibo Hazardous Waste

Incineration Phase I, II

Linshu Hazardous Waste

Incineration Phase I, II

Laiyang Hazardous Waste

Integrated Treatment

Dongming Hazardous Waste

Integrated Treatment

Sichuan: Mianzhu Hazardous

Waste Incineration

Jiangxi : Guixi Hazardous

Waste Integrated Treatment

Anhui: Dingyuan Hazardous Waste

Incineration

Jiangsu：17

Suzhou Hazardous Waste Landfill Phase I, II

Suqian Hazardous Waste Landfill Phase I, II

Guanyun Hazardous Waste Landfill Phase I, II

Binhai Hazardous Waste Landfill Phase I, II

Xinyi Hazardous Waste Landfill

Lianyungang Hazardous Waste Incineration Phase

I, II

Xinyi Hazardous Waste Incineration

Changzhou Hazardous Waste Incineration

Kunshan Hazardous Waste Incineration

Nanjing Hazardous Waste Incineration Phase I, II

Xinyi Animal Carcass Harmless Treatment

14

Projects Overview

Number of projects secured: 82 (total investment: RMB 19.758 billion)

Number of projects constructed and commenced operation: 36 (total investment: RMB

7.291 billion)

Number of projects under construction: 11 (total investment: RMB 3.513 billion)

Number of projects in preparatory stage: 35 (total investment: RMB 8.954 billion)

Germany

Integrated Biomass Utilisation:

44 projects (total investment: RMB

13.022billion)

Aggregate power generation designed

capacity: 992MW

Annual designed treatment capacity:

approximately 8,449,800 tonnes

Daily household waste designed treatment

capacity: approximately 6,250 tonnes

Hazardous waste treatment:

29 projects (total investment: RMB5.341billion)

Annual processing designed capacity:

674,200 tonnes

Solar energy and wind power:

9 projects (total investment: RMB1.395 billion)

Power generation designed capacity: 125.9MW

15

Results Highlights (7)

7 Innovation drove initial results

The first Urban-rural integration project commenced operation

with prominent economic benefits and demonstration effect;

Urban-rural integration projects have successfully explored the

household waste transportation model;

Completed trial run of low-NOx combustion technologies

(biomass power generation), successfully lowered NOx

emission level and reduced auxiliary power consumption;

Biomass furnaces anticorrosion technology has

made remarkable achievement. The operating

performance of the technology is good and has

significantly improved the stability of the project

operations.

16

Financial Analysis (1)

(HK$ million) As at 31/12/2016 Change

3,000 53%

992 45%

983 54%

629 52%

43.70 18%

N/A N/A

Revenue increased by 53% to HK$4.58 billion (2016: HK$3 billon), the Company has reached new heights in revenue from

its construction service due to steady construction of the projects;

Aggregate on-grid electricity of the projects in operation and hazardous waste treatment capacity continuously increase,

contributing to a significant increase in revenue and profit from the project operation service;

Profit attributable to equity shareholders of the Company increased by 52% to HK$954 million (2016: HK$629 million),

CAGR of 69.4% in 2013-2017;

Proposed final dividend of HK9.0 cents per share with dividend payout ratio 20%. 17

Financial Analysis (2)

(HK$ million) As at 31/12/2016 Change

7,464 93%

3,263 74%

4,187 109%

992 237%

122 94ppt

44 -5ppt

With the spin-off listing in May 2017 (which raised fund of approximately HK$3.3 billion), total assets and

equity attributable to equity shareholders of the Company increased significantly by 93% and 109%

respectively. Gearing ratio is 39%, a decrease of 5ppt from 2016 and the current ratio is 216%, an

increase of 94ppt from 2016, The financial position keep a healthy level, the current ratio is good, bank

balances and cash increased substantially by 237% to HK$3.343 billion with unutilized bank loan facilities

of approximately HK$3.56 billion. This strong financial position will provide robust support for the

company’s rapid development in the future.18

Financial Analysis (3)

As at 31/12/2016Change

HK$ million

270 14% 100%

1,698 86% 74%

1,968 78%

3,430 4%

992 237%

4,422 56%

As at the end of 2017, total bank loans amounted to approximately HK$3.49 billion, which is

85% of the long term loans. In addition, bank balances and cash and unutilized bank loan

facilities were approximately HK$6.9 billion.

19

Revenue analysis of the 3 business segmentsUnit: HK$ million

Financial Analysis (4)

2016 2017 2016 2017 2016 2017

1,964

2,893

460

1,031

26 70

85

60

240

309

1110

215

209

Integrated biomass utilisation

Hazardous waste treatment

Solar energy and wind power

Construction service

revenue

Operation service

revenue

Finance income

2,049 2,953 915 1,549 37 80

In 2017, the revenue of construction service and operation service in 3 business segments increased significantly 44%

and 69% respectively from 2016 and the operation service revenue of biomass segment and hazardous waste treatment

segment increased by 124% and 29% respectively. 20

Financial Analysis (5)

EBITDA analysis of the 3 business segments

:

2017: HK$1,517,788,000 (increased by 54% year-on-year)

2016: HK$982,617,000

* Include the unallocated head office and corporate net expenses

0

200

400

600

800

1,000

1,200

INTEGRATED BIOMASS UTILISATION HAZARDOUS WASTE TREATMENT SOLAR ENERGY AND WIND POWER

667

189 199

1,143

239196

2016 2017

Flat

Unit: HK$ million

21

Financial Analysis (6)

Net profit analysis of 3 Business Segments

2017: HK$953,823,000 (increased by 52% year-on-year)

2016: HK$629,222,000

* Include the unallocated head office and corporate net expenses

0

100

200

300

400

500

600

700

800

INTEGRATED BIOMASS UTILISATION HAZARDOUS WASTE TREATMENT SOLAR ENERGY AND WIND POWER

455

139100

752

163

96

2016 2017

Unit: HK$ million

Flat

22

2. Subsequent Events

23

Secured Lishui Industrial Hazardous Waste Project in Zhejiang，achieving the

breakthrough in Zhejiang;

Mianzhu Integrated Biomass and WTE project (biomass) in Sichuan completed

construction and commenced operation;

Changzhou Hazardous Waste Incineration Project in Jiangsu completed construction and

commenced operation;

Xinyi Animal Carcass Harmless Treatment Project in Jiangsu completed construction and

commenced operation.

New region expansion breakthrough with steady

operation of projects

Subsequent Events

24

3.Development Strategies

25

Development Strategies (1)

Strengthening professional management，facilitating the resources and sharing of experiences1

Clean Energy

Management

Center

Solid Waste

Management

Center

Environmental

Remediation

Management

Centre

Focus on integrated biomass utilisation business and devise “beautiful countryside” and

“clean heating” strategies, integrate and strengthen the Company’s experience and

advantage in rural-urban integration and further expand business segments such as

biogenic gas and livestock waste treatment.

Focus on hazardous waste treatment business and extend the industry chain, with an

aim to becoming an integrated service provider and environmental manager of industrial

park or chemical solid waste management. Taking advantage of project layouts, the

Company will establish a huge customer service system to form regional linkage

mechanisms and expand the integrated utilization and industrial waste treatment

business.

Seize the advantages of “The 10-Chapter Soil Pollution

Action Plan” policy and the strong demand in the environmental

remediation market in China to become an integrated service

provider that deals with soil remediation and pollution.

26

Development Strategies (2)

Consolidation of the leading industry position, expanding

into new areas and new business segments2

Development is the main mission of the Company and this philosophy has

been promoted to every employee;

Keeping the “Ecological Civilization”, “Green Development” and “Clean

Heating” in mind, the Company will closely monitor market trends so as to

explore development opportunities; Expand the market share to further

strengthen biomass and hazardous business market position in the industry;

Seizing the advantages of the “The 10-Chapter Soil Pollution Action Plan”

strategy to develop new business segments including soil remediation with

upmost effort and explore new growth drivers;

27

With advantages of existing areas, the Company deepen the

penetration based on existing projects. Seeking to achieve

breakthrough in new regions and business segments.

Development Strategies (3)

Strengthen the innovation mechanism, utilise the Greentech Research

Institution and Everbright International Research Institution as well as

introduce advanced technology;

Promoting the collaborations with institutions and research institutes has

introduced advanced technologies and talent, and built up the core

competitiveness of the Company;

Focus ： Biogenic gas, biomass high parameter technologies, soil

remediation technologies and hazardous waste next generation treatment

technologies.

Adhere to development driven by innovation，achieve breakthrough in core technologies3

28

Development Strategies (4)

Continue to cross-sell the services at locations with existing projects to realize inter-segment

synergies by leveraging experience in developing and operating a portfolio of diversified projects as

well as relationships with existing customers；

Strengthen the coordination among different projects in a region by pooling management, financial

and other resources to better control costs, improve management efficiency and achieve inter-

segment synergies;

Strengthen the operation and business synergy with China Everbright Group and China Everbright

International, improve the integration of resources and enhance the marketing capability.

26

Enhance integrated service capability

and achieve synergies of multiple business segments4

29

➢ Establish a comprehensive internal control in strict compliance with relevant

requirements under the ESHS Management system and risk management

system，effective monitoring of all aspects ranging from project investment,

construction, production to operation;

➢ Ensure safety operation, compliance with discharge standards and promote a

steady growth in the business.

5

Development Strategies (5)

Strengthen the establishment of management system

and promote the steady development of the company

30

4. Policy Highlights

31

Policy Highlights (1)

Notice on Issuance the Guiding Opinion on Facilitating the Development of Biomass Heat Supply

It is expected to build up 200 counties, 1000 villages and towns as well as a batch of small and middle size industrial parks featured with biomass

heat supply by 2020. A widespread application of biomass heat supply in areas with sufficient resources is expected to achieve by 2035.

Enhance the environmental protection awareness, so as to control the pollutant discharge of biomass boiler within the national or local air pollutants

discharge standards and achieve the same discharge level of gas-fired boiler.

Strive to develop the agricultural and forestry biomass electricity and heat cogeneration in county areas. Construct new agricultural and forestry

biomass power generation projects to achieve biomass electricity and heat cogeneration. Fulfill the heating demands of local county areas and

satisfy the demands for clean heating by installing new biomass boilers, so as to supply heating to counties with 3 million square meters or below.

Proactively promote the clean heat supply of biomass gas and accelerate the development of methane production by fermentation of raw materials

such as excrements of livestock and straws and the refinement of biogas. Facilitating the development of biogas to become the boiler fuel and

incorporating it into the heat supply gas pipe network of the cities and towns.

Notice on Commencement the Construction of Clean Heating Demonstrative Projects in

Hundred Towns and Counties’ Biomass Electricity and Heat Cogeneration

Ascertain the biomass electricity and heat cogeneration is an important clean heating method for geographically distribution and a crucial measure

to supply clean heating and industrial steam for small and middle size areas by replacing the fire coal at user-side, resulting in saving the natural

gas and prevent the pollution caused by scattered coals;

There is a total of 136 projects under the Clean Heating Demonstrative Projects in Hundred Towns and Counties’ Biomass Electricity and Heat

Cogeneration, covering 20 provinces (districts and cities) and Xinjiang Production and Construction Corps.

-- National Energy Administration

China Everbright Greentech has nine projects included in 136 demonstrative projects, as shown in the table below.

--National Development and Reform Commission & National Energy Administration

32

Demonstration

projects

Total

Investment

（RMB million）Heat supply coverage

Annual

steam

supply

(‘00000 GJ）

Project situation

Xuyi in Jiangsu 301 Chise Power industrial 72.3 In operation

Lianshui in Jiangsu 318 Gaogo industrial area 108.4 Under construction

Fengyang in Anhui 320 Fengning industrial area 158Power generation commenced

operation;Heat supply in the preparatory stage

Guoyang in Anhui 324Guoyang economic and

technological development zone and civil use

91 In the preparatory stage

Yu’an in Anhui 340 Pingqiao Gaoxin industrial zone

and civil use136 Under construction

Xiao Country in Anhui 3 Xiao country’s country town 190Power generation commenced

operation;Heat supply in the preparatory stage

Dangshan in Anhui 12 Dangshan country town 150Power generation commenced

operation;Heat supply in the preparatory stage

Yeji in Anhui 351Yeji economic and

technological development zone

115 Under construction

Xiayi in Henan 320 Xiayi industrial park and civil use 85 In the preparatory stage

33

Policy Highlights (2)

Guiding Opinion on Implementing the 13th Five-Year Plan for the Development of

Renewable Resources

Strengthen objective leading and assessment and evaluation of renewable energy resources. Plan the indicators of proportion in non-hydroelectric

renewable resource power generation output over the total electricity consumption in individual district;

Enhance and standardize biomass power generation management. Governmental authorities responsible for energy in various provinces (districts and

cities) shall organize project assessment and evaluation in accordance with established planning and submit the annual report on the project examination

and operation during its construction;

-- National Energy Administration

Strive to development the agricultural and forestry biomass electricity and heat cogeneration and regard it as a key clean heat supply measure in

county areas.

Layout Proposal of 13th Five-Year Plans for Biomass Power Generation

In December 2016, the National Energy Administration published the 13th Five-Year Plans for Biomass Power Generation, stating the aggregate

power generation designed capacity of biomass power generation will reach 15 million KW by 2020, of which power generation from biomass direct

combustion will reach 7 million KW;

In July 2017, the National Energy Administration published the Layout Proposal of 13th Five-Year Plans for Biomass Power Generation, in which it is

expected to increase the planned power generation designed capacity of agricultural and forestry biomass power generation to 13 million KW,

representing an increase more than 85% over the original plan.

-- National Energy Administration

34

Q&A Session

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